Japan M2 Money Stock Climbs 2.5% On Year In March

(RTTNews) - The M2 money stock in Japan was up 2.5 percent on year in March, the Bank of Japan said on Thursday - coming in at 1,243.9 trillion yen.

That exceeded expectations for an increase of 2.4 percent, which would have been unchanged from the February reading following a downward revision from 2.5 percent.

The M3 money stock rose an annual 1.8 percent for the third straight month to 1,596.8 trillion yen.

The L money stock gained 2.1 percent on year to 2,127.2 trillion yen.

For the first quarter of 2024, M2 was up 2.5 percent on year, M3 rose 1.8 percent and L was up 2.2 percent.